About the Role
This role is responsible for producing a high-quality work product on a portfolio of low to medium value claims through immediate contact and the effective investigation, reserving and adjustment of claims incurred by insureds or third parties.
Responsibilities
- Manage a portfolio of liability and financial lines claims in accordance with Chubb Best Practice Guidelines.
- Analyze first report to determine nature of loss, coverage provided and scope of injury/damage.
- Conduct investigations of all aspects of reported claims including potential fraud.
- Secure and/or file all supporting documentation and verify same for accuracy, relationship and completeness.
- Establish accurate and timely reserves.
- Provide exceptional service standards in line with Chubb Best Practice Guidelines.
- Maintain an active diary and monitor same to achieve timely development of the file and timely disposition of the claim.
- Promptly and properly document all developments on claim file.
- Exercise good judgment in reaching final disposition of claim by evaluating nature of loss, liability, injury/damage, coverage provided and applicable limits.
- Effectively negotiate compromise settlements where appropriate.
- Effectively communicate with claim department, customer services, loss control, underwriting departments, finance departments, brokers, insureds, service providers, third parties and/or their legal representatives.
- Recognize and pursue subrogation where applicable.
- Adhere to Insurance Contracts Act, the Insurance Code of Practice and all other relevant statutory rules and regulations.
- Adhere to Chubb’s legal, Regulatory and Internal compliance obligations.
- Effectively control the use, work product and expense of outside vendors.
- Perform any other duties as required by the Claims Manager.
Requirements
- Experience managing a portfolio of liability and financial lines claims.
- Ability to analyze first reports to determine loss nature, coverage, and scope of injury/damage.
- Proficiency in conducting claim investigations, including potential fraud.
- Skill in securing, filing, and verifying supporting documentation.
- Capability to establish accurate and timely reserves.
- Commitment to providing exceptional service standards.
- Ability to maintain an active diary for timely file development and claim disposition.
- Proficiency in documenting claim developments promptly and properly.
- Strong judgment in claim disposition evaluation.
- Effectiveness in negotiating compromise settlements.
- Excellent communication skills with various stakeholders.
- Ability to recognize and pursue subrogation.
- Adherence to relevant insurance acts, codes of practice, and statutory regulations.
- Adherence to Chubb’s legal, regulatory, and internal compliance obligations.
- Effectiveness in controlling the use, work product, and expense of outside vendors.
Skills
- Claim investigation
- Claim reserving
- Claim adjustment
- Liability claims management
- Financial lines claims management
- Fraud detection
- Documentation
- Negotiation
- Communication
- Subrogation
- Compliance
- Vendor management
About the Company
- Chubb is a world leader in insurance with operations in 54 countries and territories.
- Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
- As an underwriting company, Chubb assesses, assumes and manages risk with insight and discipline.
- Chubb services and pays its claims fairly and promptly.
- The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally.
- Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
- Chubb maintains executive offices in Zurich, New York, London, Paris and other locations.
- Chubb employs approximately 40,000 people worldwide.
- Additional information can be found at: www.chubb.com
Equal Opportunity
- Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace.
- Chubb supports applications from all members of our community and equitable access to our employment opportunities.
- Chubb is open to discussing workplace flexibility in all its vacancies to ensure it can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements.
- Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.
